港股红利低波ETF、港股通红利低波ETF、恒生红利低波ETF逆势上涨，外资加仓科技，内资加仓红利

Group 1 - The core viewpoint of the articles highlights the contrasting trends in the Hong Kong and A-share markets, with Hong Kong dividend ETFs rising while A-shares experience a decline [1][2] - The A-share market saw a collective adjustment with major indices dropping, including the Shanghai Composite Index down 0.55% to 3892.55 points, and a total market turnover of 105.6 billion yuan, a decrease of 18.07 billion yuan from the previous day [1] - In the Hong Kong market, various dividend ETFs, including the Hong Kong Dividend Low Volatility ETF and the Hang Seng Dividend ETF, saw gains exceeding 1%, indicating strong performance amid broader market adjustments [1] Group 2 - Recent data indicates that foreign capital has increased its holdings in technology sectors, while domestic investors are focusing on dividend stocks, with a total inflow of 16.4 billion HKD into the Hong Kong stock market over the past week [2] - The inflow of foreign capital was primarily directed towards software services, electrical equipment, and pharmaceutical sectors, while domestic capital saw outflows [2] - Analysts suggest that the current low interest rate environment and weak economic recovery favor dividend strategies, with Hong Kong dividend stocks offering attractive valuation and yield advantages [2] Group 3 - The overseas market is expected to enter a Christmas rally in December, with systemic risks becoming clearer and a significant inflow of 4.3 billion USD into emerging market ETFs this week [3] - The focus remains on high dividend and large-cap value styles, with expectations for a rebound in the domestic market as institutions lock in profits towards the end of the year [3] - Morgan Stanley has raised its target for the China stock index to 4840 points by December 2026, while JPMorgan upgraded its rating on Chinese stocks to "overweight," indicating a favorable outlook for the market driven by AI adoption, consumer stimulus, and governance reforms [3]